Canada: Sorbitol Market 2024

Sorbitol Market Size in Canada

In 2022, the Canadian sorbitol market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, continues to indicate a slight decrease. Sorbitol consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Sorbitol Production in Canada

In value terms, sorbitol production reduced to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Sorbitol production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Sorbitol Exports

Exports from Canada

After two years of growth, shipments abroad of d-glucitol (sorbitol) decreased by X% to X tons in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The exports peaked at X tons in 2021, and then fell notably in the following year.

In value terms, sorbitol exports reduced notably to $X in 2022. Overall, exports, however, showed a slight expansion. The pace of growth appeared the most rapid in 2017 with an increase of X%. The exports peaked at $X in 2021, and then dropped dramatically in the following year.

Exports by Country

The United States (X tons) was the main destination for sorbitol exports from Canada, accounting for a X% share of total exports. Moreover, sorbitol exports to the United States exceeded the volume sent to the second major destination, Israel (X tons), ninefold. The third position in this ranking was held by Japan (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (X% per year) and Japan (X% per year).

In value terms, the United States ($X) remains the key foreign market for d-glucitol (sorbitol) exports from Canada, comprising X% of total exports. The second position in the ranking was taken by Israel ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (X% per year) and Japan (X% per year).

Export Prices by Country

The average sorbitol export price stood at $X per ton in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2015 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Israel ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (X%), while the prices for the other major destinations experienced mixed trend patterns.

Sorbitol Imports

Imports into Canada

In 2022, purchases abroad of d-glucitol (sorbitol) was finally on the rise to reach X tons after three years of decline. In general, imports, however, saw a perceptible curtailment. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, sorbitol imports skyrocketed to $X in 2022. Over the period under review, imports, however, saw a pronounced downturn. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of sorbitol to Canada, with a X% share of total imports. Moreover, sorbitol imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. Thailand (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Thailand (X% per year).

In value terms, the United States ($X) constituted the largest supplier of d-glucitol (sorbitol) to Canada, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Thailand, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Thailand (X% per year).

Import Prices by Country

The average sorbitol import price stood at $X per ton in 2022, jumping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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